Flowserve Corporation (FLS)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,557,810 | 4,320,580 | 3,615,120 | 3,541,060 | 3,728,130 |
| Total assets | US$ in thousands | 5,500,820 | 5,108,720 | 4,790,630 | 4,749,770 | 5,314,680 |
| Total asset turnover | 0.83 | 0.85 | 0.75 | 0.75 | 0.70 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,557,810K ÷ $5,500,820K
= 0.83
Flowserve Corporation's total asset turnover has shown a slight improvement over the years, increasing from 0.70 in 2020 to 0.83 in 2024. This indicates that the company generated $0.83 in revenue for every dollar of assets held in 2024. This performance suggests that Flowserve has become more efficient in utilizing its assets to generate sales over the period analyzed. However, it's important to note that the total asset turnover ratio should be analyzed in conjunction with other financial metrics to gain a comprehensive understanding of the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2024